As per this study the Global Industrial Hemp Market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2027 with a CAGR of XX%. By volume, the market was estimated XX KT in 2019 and is expected to reach XX KT by 2026 with a CAGR of XX%.
Industrial hemp or hemp is the strain of Cannabis sativa
species that is widely used in industrial and consumer products. It is used as a source for fiber and oil seeds across the globe. Industrial hemp is used in textile, paper, biodegradable, chemical pesticide, supplement, biofuel and others.
The industrial hemp market is growing on account of increasing demand from end-use industries. Rise in disposable income, growing population and increasing demand for cosmetics, protein supplements and health food products is boosting the growth of this market. In addition of this, increasing demand of hemp CBD from healthcare sector is also boosting the growth of this market. On the flip side, erratic production along with changes in lawsuit for industrial hemp production may hinder the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of industrial hemp.
The broad industrial hemp market has been sub-grouped into product type, end-user and nature. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Product Type
- Food & Beverages
- Consumer Textile
- Personal Care
- Industrial Nature
- Hemp CBD
- Other Consumer Products
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for industrial hemp in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Industrial Hemp Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the industrial hemp market include Agropro, All American Hemp Company, Blue Sky Hemp Ventures Ltd., Cavac Biomateriaux, Green Source Organics, Hemp Foods Australia, Hemp Inc., Hemp Production Services Inc., Hemp Sense Inc., Hempco Food and Fiber Inc.,Hempro International, Manitoba Harvest Hemp Foods, Marijuana Company of America Inc., North American Hemp & Grain Co. Ltd. and Trigone Foods Inc. among others. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.